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CapitaMall Trust launches retail bonds paying 3.08% a year
10 Feb 2014 (533 views)  

CapitaMall Trust is offering up to $350 million in retail bonds for the public and other investors, the trust's manager said on Monday.

CapitaMall Trust Management said the seven-year bonds carry a fixed interest of 3.08 per cent per year. Payments will be made every six months, on Feb 20 and Aug 20 each year until 2021, with the first payment to be made in August this year.

The trust is initially planning to offer up to $200 million of bonds. Up to $150 million of the bonds will be offered to the public, while the rest will be placed with institutional and other investors.

But if the public offer or placement is oversubscribed, CapitaMall Trust Management may increase the total bond issue to $350 million, it said. If so, the allocation between the public offer and the placement offer will be determined at a later date.

 

 



CapitaMall Trust launches retail bonds paying 3.08% a year
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CapitaMall Trust is offering up to $350 million in retail bonds for the public and other investors, the trust's manager said on Monday.

CapitaMall Trust Management said the seven-year bonds carry a fixed interest of 3.08 per cent per year. Payments will be made every six months, on Feb 20 and Aug 20 each year until 2021, with the first payment to be made in August this year.

The trust is initially planning to offer up to $200 million of bonds. Up to $150 million of the bonds will be offered to the public, while the rest will be placed with institutional and other investors.

But if the public offer or placement is oversubscribed, CapitaMall Trust Management may increase the total bond issue to $350 million, it said. If so, the allocation between the public offer and the placement offer will be determined at a later date.